Robusta Coffee Money Managers Raised Best on Higher Price

Money-managers increased bets on higher robusta coffee prices in London by 81 percent in the week ended May 15, according to NYSE Liffe, the derivatives arm of NYSE Euronext.

Net-long positions, or bets on higher prices, came to 19,690 futures and options, according to the weekly commitment of traders report published on the exchange’s website today. That compares with 10,874 contracts a week earlier, the data show. Robusta coffee climbed 6.2 percent in the period.

In cocoa, money managers also increased bets on higher prices, with the net-long position climbing to 29,775 contracts, up from 27,837 futures and options a week earlier, the data show. Cocoa slid 1.9 percent in the period.

White, or refined, sugar money managers, reduced their net- long positions by 56 percent to 1,166 futures and options, according to the exchange. That compares with a net-long position of 2,624 contracts a week earlier. White sugar rose 1.2 percent in the period.

Money managers held no positions in feed wheat, unchanged from last week, according to the data. Feed wheat declined 0.6 percent in the period.

To contact the reporter on this story: Isis Almeida in London at ialmeida3@bloomberg.net

To contact the editor responsible for this story: John Deane at jdeane3@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.